I was recommended to a lawyer who has sent a quote for just over a thousand pound for leasehold conveyancing in Wokingham. I am hoping to sell a newly refurbished house for £125,000. This seems expensive. Is it in excess of the average fee for conveyancing in Wokingham?

The charges are a tad high. If you shop around you might decrease the fees marginally by perhaps £100 plus VAT. That being said, you maycome to rue opting for an an untested solicitor. Remember to check that the firm can act for your lender. You can utilise our comparison tool to find a Wokingham conveyancing firm on the banks member panel which can often include conveyancing solicitors in Wokingham.

I am purchasing a terraced house in Wokingham. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?

Leaving aside the complexities and merits of DIY conveyancing in Wokingham you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Wokingham.

Me and my partner are purchasing a property in Wokingham. It might be a silly question but how we can trust a solicitor? At some point we have to send funds into their account. What is the protection we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

I have been advised by my solicitor that lack of planning permission insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Wokingham?

The appropriate level of lack of planning permission indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and The Mortgage Works. Conveyancing lawyers as opposed to members of the public take out such policies.

Clydesdale have agreed my mortgage in principle, my offer on a apartment in Wokingham has been agreed to, what happens next?

Your estate agent will wish to be informed of your conveyancing practitioner's details (ensure that the solicitors are on the bank’s approved list). Contact Clydesdale or your broker and finish off any appropriate paperwork. Clydesdale will sellect a valuer who will get in touch with the estate agent or seller to schedule a slot for the valuation to take place. Once carried out (assuming no problems) it takes approximately a week to get a mortgage offer. Clydesdale will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Wokingham.

I'm purchasing my first flat in Wokingham with a loan from HSBC Bank. The developers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not disclose to my lawyer about this side-deal as it could impact my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I decided to have a survey done on a property in Wokingham in advance of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies will refuse to grant a loan on a flying freehold home.

It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wokingham. Conveyancing will be smoother if you use a solicitor in Wokingham especially if they are familiar with such properties in Wokingham.